that were extended under the obama administration. that is part of a series that we are doing on the "washington journal" lead starts today that focuses on different aspects of the so-called fiscal cliff tops. and we will go to michael next in fenton, mich.. good morning. are you with us? caller: yes. host: you are on the air, sir. caller: i'm calling to discuss the fact that the disparity in the revenue that is generated in the different tax brackets, it is my understanding that the top 5% roughly makes $200,000 and ups -- and up. they generate the majority of the taxes that the government takes in. the other 95% probably takes in less than 40% of the revenue. guest: i cannot recall the exact statistics, but it is true that the top income this tradition pay disproportionately -- a hugely disproportionate share of the taxes. it is because they capture a hugely disproportionate amount of in hermine the company. -- country. -- of income in the country. each side'stake argument. democrats are arguing that you do not extend the income tax